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Saudi Arabia promises Ukraine $400 million in aid after siding with Russia on an oil deal

Saudi Arabia will provide $400 million in humanitarian aid to Ukraine, the kingdom said on October 15, as it faces fallout from its decision to side with Russia on a deal to cut oil production.

October 15, 2022 / 20:32 IST
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An elderly man walks past a car shop that was destroyed after a Russian attack in Zaporizhzhia, Ukraine (Representative image: AP)

Saudi Arabia will provide $400 million in humanitarian aid to Ukraine, the kingdom said Friday, as it faces fallout from its decision to side with Russia on a deal to cut oil production.

Saudi Arabia’s move on oil this month angered President Joe Biden and top U.S. lawmakers, who have called for a wholesale reevaluation of ties with Saudi Arabia. The United States has said that a rise in oil prices resulting from decreased production would increase Russia’s war chest and undermine global efforts to isolate Moscow.

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The decision by Saudi Arabia, Russia, and other members of the OPEC+ energy group undercut the United States- and Europe-led attempts to choke off revenue from Moscow’s lucrative crude sales.

Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, spoke with President Volodymyr Zelenskyy of Ukraine on Friday and offered the aid to “alleviate the human suffering of the Ukrainian people,” according to the official Saudi Press Agency. Zelenskyy wrote on Twitter that Saudi Arabia would provide financial aid to Ukraine, but he did not specify the amount or the timing.